Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Variational Omni against MEXC−0.119%7-day average −0.036% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.119%, 7d avg −0.036%

Together, before fees+0.111%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.083% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEC_USDT	1,459.4	0.0100	pay 0.0100% / 8h	4h 01m	$215.6M	$777.4M	150x
Short	Variational Omni ZEC	1,457.6	0.0100	get 0.0100% / 8h	4h 01m	$47.8M	$32.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.036%: −$8.29
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.29
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.03 bp	0.1 bp $0	0.2 bp −$2	40.0 bp −$4,001	80.2 bp −$40.1K
Sell Variational Omni RFQ quote, 3 min ago	2.74 bp	doesn't fit	7.0 bp −$70	18.0 bp −$1,803	doesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3166%	1h	1,457.9	−0.097%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458.3	−0.071%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,459.1	−0.016%	$29.5M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.2	−0.079%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.6	−0.051%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,458.5	−0.059%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.8	−0.108%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,458.5	−0.062%	$291K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0071% / S −0.0023%	1h	1,457.5	−0.125%	$409K	—	100x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,459.1	−0.018%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,458.5	−0.060%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,458.8	−0.041%	$10K	$858K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.5	−0.059%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458.6	−0.052%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.4	+0.072%	$759.7M	$431.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,459.1	−0.018%	$14.8M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.4	−0.064%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.5	+0.009%	$670.5M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,458.9	−0.034%	$261.9M	$602.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,459.4	+0.004%	$178.3M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,457.6	−0.120%	$396K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	−0.124%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459.1	−0.017%	$50.6M	$175.5M	75x	as long as short
MEXC ZEC_USDTlong	+0.0100%	8h	1,459.4	long leg	$215.6M	$777.4M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,459.3	−0.003%	$103.0M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.4	+0.003%	$165.9M	$270.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,458.9	−0.028%	—	$105.6M	—	as long as short
Variational Omni ZECshort	+0.0100%	8h	1,457.6	−0.119%	$47.8M	$32.6M	—
edgeX ZECUSDC	+0.0100%	4h	1,458.8	−0.039%	$568K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.1	−0.016%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,459.1	−0.019%	$405K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.7	−0.116%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,458	−0.093%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,458.1	−0.086%	$161K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,457.2	−0.150%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.5	+0.082%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,458.4	−0.062%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458	−0.093%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.2	−0.010%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459	−0.027%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,458.2	−0.078%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,458.7	−0.046%	$4.6M	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0189%	1h	1,459.4	+0.002%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0248%	1h	1,459.9	+0.038%	$19.3M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0277%	1h	1,458.4	−0.063%	$18.0M	$45.2M	25x	as long as short
Lighter RH ZEC	+0.0312%	1h	1,459.8	+0.033%	$2.1M	$7.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0319%	1h	1,459.2	−0.011%	$616K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,458.5	−0.056%	$923K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,459.9	+0.039%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,459.6	+0.018%	$680K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0679%	1h	1,458.8	−0.039%	$45K	$49K	10x	as long as short